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# The Revenue Cycle and Insurance Math THE REVENUE CYCLE includes all functions and phases that contribute to collection of payment AND requires a basic understanding of INSURANCE MATH. | Encounter | Step | Description | |---|---|---| | BEFORE THE ENCOUNTER | 1 | Preregister patients | | DURING...

# The Revenue Cycle and Insurance Math THE REVENUE CYCLE includes all functions and phases that contribute to collection of payment AND requires a basic understanding of INSURANCE MATH. | Encounter | Step | Description | |---|---|---| | BEFORE THE ENCOUNTER | 1 | Preregister patients | | DURING THE ENCOUNTER | 2 | Establish financial responsibility | | | 3 | Check in patients | | | 4 | Review coding compliance | | | 5 | Review billing compliance | | | 6 | Check out patients | | AFTER THE ENCOUNTER | 7 | Prepare and transmit claims | | | 8 | Monitor payer adjudication | | | 9 | Generate patient statements | | | 10 | Follow up payments and collections |